SKW buys Master Builders

JAKARTA (JP): Sandoz Ltd. announced yesterday it had completed the sales of Master Builders Technologies (MBT), its construction chemical division, to SKW Trostberg AG for 1.3 billion Swiss francs (US$1.28 billion).

Sandoz said in a statement released here yesterday that the new SKW-MBT Construction Chemicals Group, as a worldwide market leader, would generate sales of over 2 billion Swiss francs this year.

The statement added that each partner in the new group would be an ideal complement to the other and the group's market position would further be strengthened.